Why Insurance is a Good Investment for Yourself? ~TFIF 2017 Series
In this recap series of The Future Is Female conference 2017, we delve into one of the panels, Why Insurance Is A Good Investment For Yourself. “You can’t trust anything that you don’t understand. The insurance industry has many channels and technologies that simplify investments into ways that everyone can understand,” -Philipp Kristian, an Innovation Specialist. While insurance is commonly associated with health, it is more than that. If you invest a good insurance policy for yourself, you may just be able to secure your wealth better. Bryan Low, Citi-NIE Trainer, shared a personal example of his late father who had to liquidate his portfolio to fund his medical expenses because he has no insurance coverage. It is an instance that shows the importance of insurance in times of emergency. The baseline for any insurance is protection, but a long-term coverage should include protection for total permanent disability and critical illnesses. Although there are many products available for such coverage, only one in five Singaporeans has subscribed to an insurance that covers all these. Therefore, it is important to encourage your family and friends and yourself to have insurance. Insurance Coverage for Common Chronic Diseases How does an insurance work [...]
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